Three lakh taka into pearls, abandoned in two years with nothing sold
Three lakh taka went into freshwater pearl culture, with about 100 ponds running between him and his trainees. The harvest was poor, there was no domestic buyer, and he abandoned the project after two years.
This university graduate in Jashore put three lakh taka into freshwater pearl culture and ran a training centre alongside it; at one point about 100 ponds were operating between him and the people he had trained. The harvest came out poor, and the pearls he did produce went unsold, because Bangladesh has almost no domestic pearl market. His working capital ran out before he reached the scale at which the crop pays, and he judged that another three lakh would have been needed to get there. After two years he wound the project up and now runs an egg business in Rajshahi. The same report notes that of roughly 150 pearl farmers nationally only 10 to 12 work at it regularly; an image pearl costs 40-50 taka to produce and sells for 250-300, rice pearls take three to four years and image pearls eight to ten months.
Lessons
- 1.Pearl culture ties up money for months to years, so the working capital needed far exceeds the initial setup cost
- 2.A crop with no established domestic buyer can produce perfectly well and still earn nothing: confirm who will buy before you stock
Published with the person's permission, without revealing who they are.
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